layoffs

Hudson's Bay is struggling in the Netherlands. The 13 department stores in the country are suffering a loss of 80 million euros this year, and layoffs may be ahead, the Telegraaf reports based on internal documents.

A spokesperson for Hudson's Bay in the Netherlands did not want to say much to the newspaper, only saying that it is "clear that something is going to happen, but the new owners still have to make a decision".

ABN Amro is taking various measures at its corporate bank, including scrapping 250 jobs. The bank wants to increase this department's profitability, ABN Amro announced at the presentation of its figures for the second quarter, Het Parool reports.

The corporate bank, officially called the Corporate and Institutional Bank (CIB), accounts for 2,600 of ABN Amro's total 19 thousand jobs. CIB is responsible for financing shipping and the energy sector, and for managing acquisitions and IPOs. 

German technology company Siemens is closing its branch in Hengelo, which employs 600 people. The closure forms part of a reorganization in Siemens' energy and gas branch that will cost over 6 thousand jobs worldwide, a spokesperson for the company confirmed to NU.nl.

The staff of the Hengelo branch were informed about what is happening at a meeting at stadium Grolsche Veste on Friday morning. The CEO of the division explained the closure via a video link. Whether there will be any forced redundancies, is not yet clear.

Shell may scrap around 400 jobs in the Netherlands, mainly in the Projects & Technology division in Amsterdam and Rijswijk, the oil and gas giant confirmed on Monday. This round of layoffs will be part of measures taken in the last quarter of this year, ANP reports.

Some of the affected employees may be able to continue working in another division at Shell. The precise impact is not yet clear and it still has to be discussed with the central works council and trade unions, the company emphasized.

In the next four years PostNL will be cutting another 2 thousand jobs while accelerating the company's transformation into a parcel delivery specialist, the Dutch postal service announced with its annual figures on Monday, ANP reports. Up until the end of 2020 between 500 and 600 full time jobs will disappear annually from the Dutch mail division.

According to CEO Herna Verhagen, there will only be a few forced dismissals. Most employees will be stepping down willingly or reassigned. In the same period 1,600 new jobs will be created in the package division. 

The central agency for the reception of asylum seekers COA is cutting 1,300 of its total 4 thousand jobs, the Ministry of Security and Justice announced on Monday. This mostly affects people who are working for the COA on a temporary contracts, NU.nl reports

The COA needs to cut jobs due to the decrease in the number of asylum seekers in the Netherlands. Over the past years the number of COA employees were increased to deal with an influx, but that is no longer necessary. The people who have to leave were already informed.

British retail chain Marks & Spencer is closing dozens of stores in a number of countries, including the Netherlands, as part of a major cost cutting operation. In the Netherlands the storesi n Amsterdam and The Hague are closing their doors. These stores employ a total of about 160 people, ANP reports.

Worldwide 2,100 jobs will be lost. Marks & Spencer will discuss plans for these employees with the works councils in affected countries, and possibly aso with the unions, accoring to ANP. 

Broadcaster SBS firmly denies reports that it is planning to layoff a significant number of its staff. On Thursday morning newspaper AD reported that a quarter of the SBS staff will be laid off. A spokesperson for the broadcaster now told NU.nl that this is absolutely not true.

Digitization always comes at the expense of jobs, ING bank CEO Ralph Hamers said to RTL Z. He emphasized that the 7 thousand jobs disappearing from the Benelux are not because of cutbacks.

ING CEO Ralph Hamers is preparing for a major reorganization that will cost thousands of jobs as well as the autonomy of the countries where the bank is located, Financieele Dagblad reports. According to the newspaper, this plan is expected to save billions of euros in cost cuts.

About 2,000 Tata Steel employees gathered to protest against a possible merger between Tata and the German ThyssenKrupp